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Which of the following are the two most common types of bank accounts?
What is an expense that is constant no matter the quantity of goods or services provided?
What is the formula for simple interest?
I = Credit - Savings / Rate
I = Principal x Rate x Time
I = Principal x Rate / Time
I = Savings - Expenses x Amount
What can you open with a bank that allows to borrow in increments, repay, and borrow again?
Hint: you pay interest while it is open for borrowing.
A line of credit
A home insurance plan
A RESP (Registered Education Savings Plan)
Calculate simple interest on $2000 at a rate of 5% over 8 years
I = $1600
I = $800
I = 24%
Which of the following are the three most common sources of income?
Running a lemonade stand
Income - Expenses = Savings is the equation of a _________?
What is an expense that changes with the level of production output?
What is an amount of money borrowed or loaned called?
What refers to the applicant's ability to repay a loan?
Select 3 examples of investments
Stock market shares
True or False: A credit card allows customers to withdraw funds they have deposited at the bank.
What type of card allows customers to borrow money from the card issuer?